I’m sure if I thought about it for a bit I could figure out when these two mutually contradictory strategies look better or worse than each other. But mostly I don’t take either of them very seriously most of the time anyway :)
I think these strategies can actually be combined:
A patient philanthropist sets up their endowment according to mission hedging principles.
I think these strategies can actually be combined:
A patient philanthropist sets up their endowment according to mission hedging principles.
For instance, someone wanting to hedge against AI risks could invest in (leveraged) AI FAANG+ ETF (https://c5f7b13c-075d-4d98-a100-59dd831bd417.filesusr.com/ugd/c95fca_c71a831d5c7643a7b28a7ba7367a3ab3.pdf), then when AI seems more capable and risky and the market is up, they sell and buy shorts, then donate the appreciated assets to fund advocacy to regulate AI.
I think this might work better for bigger donors.
Like this got me thinking: https://www.vox.com/recode/2020/10/20/21523492/future-forward-super-pac-dustin-moskovitz-silicon-valley
“We can push the odds of victory up significantly—from 23% to 35-55%—by blitzing the airwaves in the final two weeks.”
https://www.predictit.org/markets/detail/6788/Which-party-will-win-the-US-Senate-election-in-Texas-in-2020